Private Equity

Apollo sues former executives in dispute over rival insurer

Leon Black’s firm is expanding its legal battle over the creation of a rival of its Athene insurance business by Imran Siddiqui, a former Apollo senior partner

Apollo Global Management is suing two former employees of its affiliate Athene Holding over their role in helping set up a rival insurance business.

The lawsuit filed in New York on Friday is the latest salvo in a long-running dispute between the private equity firm led by Leon Black and Imran Siddiqui, a former Apollo executive.

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